The W refers to the physical shape that appears on the stock chart in this situation, namely the double-bottom pattern. The double-top pattern forms an M on the stock chart, but the idea is the same.

Avalanche price nears a breakout after forming a W-bottom, with traders watching $45–$50 as the first key target.

Market Extra The SOX chip-stock index has a big, bearish pattern building in its chart If the bearish pattern is completed, the SOX could be engulfed in a long-term downtrend that lasts into 2025 ...

A techbook 'double top' pattern has formed on the chart of NRG Energy (NRG). This means a new downtrend may have begun. See the 6X seasonal strategy set to target this fall’s biggest opportunities.

If the bearish pattern is completed, the SOX could be engulfed in a long-term downtrend that lasts into 2025 Semiconductor stocks have had a pretty rough week. And the way the charts are set up ...